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Indiaexportnews.com

Asia-Pacific airlines to lose US$4.8 billion

  23.11.2009    

The Association of Asia Pacific Airlines (AAPA) said it expects Asian carriers to endure losses of approximately US$4.8 billion for the year because of the global downturn, the Shipping Gazette informs. 
AAPA director general Andrew Herdman told Dow Jones that international passenger numbers among AAPA members were down 8.2 per cent for the first 10 months of 2009, while air cargo declined by 16.5 percent.
But the Association noted a slight month-to-month increase in preliminary passenger numbers for October. Year-on-year figures however remain down three per cent.
October air cargo volumes were also down, recording a drop of 2.5 per cent, its lowest year on year shortfall in 2009.
The AAPA has 17 carriers, including Singapore Airlines, Cathay Pacific, China Airlines, Qantas, ANA, Japan Airlines, Philippine Airlines, and Garuda Indonesia.


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